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Economic News September 19, 2024

19 thg 9, 2024

U.S. Stock Market Situation on September 18

The U.S. stock market turned downward on Wednesday after the Federal Reserve cut interest rates by half a percentage point. Specifically, the S&P 500 index dropped by 0.29%, falling to 5,618.26 points. The Nasdaq index decreased by 0.31%, reaching 17,573.3 points. The Dow Jones index declined by 0.25%, closing at 41,503.1 points.


U.S. Treasury Bonds Situation on September 18

The yield on the 10-year U.S. Treasury bond continued its strong upward trend, reaching 3.713%.


Dollar Index Situation

The Dollar Index increased by 0.04%, reaching 100.93 points after the Federal Reserve cut interest rates by 50 basis points.


Gold Market Situation

The global gold price continued to decline today, with spot gold dropping by $10 to $2,559.7 per ounce. Gold futures last traded down $12.3 from early yesterday, falling to $2,584.5 per ounce.


Commodity Trading Market Situation

At the end of Wednesday's trading session, oil prices turned downward slightly following the Federal Reserve's decision. Specifically, Brent oil prices fell by 5 cents to $73.65 per barrel. WTI oil prices decreased by 28 cents to $70.91 per barrel.

Source: Multiple sources

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